YES Bank is a full service commercial bank that offers corporate banking, investment banking and personal banking services across India. It is an Indian private sector bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004. It offers a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services.
For YES Bank Bike loan salaried individuals and self employed individuals are eligible to take this loan. It is an easy and hassle free application process with an attractive interest rate.The minimum loan amount of YES Bank bike loan starts from Rs.1 lakh and maximum loan amount is Rs. 25 lakh.
1. Minimum documentation process
2. Attractive interest rate starts at 10% to 18% per annum.
3. Smooth application and disbursal process
4. Easy and hassle free loan application
5. Loan amount starts from Rs.1 lakh to Rs.25 lakh’
6. Repayment tenure period upto 5 years
7. Salaried and self employed individuals are eligible to take this loan
Before applying for a loan for a bike from YES Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the bike loan application the Salaried individuals, self employed individuals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.
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ELIGIBLE |
Salaried individuals, self employed individuals |
|
AGE |
21 years to 65 years |
|
RESIDENTIAL STATUS |
Minimum 2 years |
|
CIBIL SCORE |
700 - 800 |
Any applicant who is going to avail a loan for a bike from YESI Bank must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.
Filled application form
Proforma Invoice
Passport size photograph
Identity Proof
For salaried individuals = PAN card, voter’s ID, passport, Driving license
For self employed individuals = PAN card, voter’s ID, passport, driving license
Address Proof
For salaried individuals = Utility bills, passport, etc.
For self employed individuals = Utility bills, passport, etc.
Income Proof
For salaried individuals = Salary slips, IT returns, bank statements
For self employed individuals = Bank statements, IT returns, audited financial statements
|
BANKS |
INTEREST RATE |
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9.15% to 15.90% |
|
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Start at 10.65% |
|
|
Start at 11.83% |
|
|
9.65% to 15% |
|
|
10% to 18% |
|
|
10% to 26% |
|
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Start at 11.83% |
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21% to 29% |
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|
Start at 11.50% |
|
|
7.75% to 8.35% |
|
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Start at 10.70% |
4. YES Bank Loan Against Property
There are two ways to apply for YES Bank Bike Loan :
1. Offline Method : By visiting the nearest bank branch
.2. Online Method
Firstly visit lenders website or branch from which you want to get loan
Fill the application form and read all the term and conditions
Attach all required documents with an application form
After submitting form lenders will let you know that you eligible or not for the loan
YES Bank Bike Loan Customer Care
Contact number : 18001200 toll free number
Email id : yestouch@yesbank.in
The mathematical formula is used to calculating EMI of YES Bank Bike Loan
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
P stands for the loan amount or principal,
R is the interest rate per month and
N is the number of monthly installments.
Financials products offered by Bank
The minimum loan amount is Rs.1 lakh and maximum loan amount is Rs.25 lakh provided by YES Bank for bike loan.
The minimum interest rate is 10% and maximum interest rate is 18% provided by YES Bank for bike loan.
Yes, age is an important factor to take a Bike loan from YES Bank. The minimum age of the customer is 21 years and maximum age of the customer is 65 years.
You can contact through customer care number and customer care email id for YES Bank.
You can apply offline by visiting the nearest bank branch or through online for bike loan at YES Bank.
The mathematical formula is used to calculating EMI of YES Bank Bike Loan
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
P stands for the loan amount or principal,
R is the interest rate per month and
N is the number of monthly installments.
Last Updated on : 31/Aug/2020Know More About
You're eligible for a Yes Bank Bike Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Two Wheeler Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Yes Bank Bike Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 10% - 18% |
| Processing Fees | NA |
| Loan Tenure | 1 year to 5 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Two Wheeler Loans EMI Calculator